Co-patents’ commercialization: evidence from China
Metadata
Show full item recordEditorial
Routledge Journals
Materia
Co-patents Co-ownership Commercialization License Selling Transaction cost
Date
2020-12Referencia bibliográfica
Li, L., Chen, Q., Jia, X., & Herrera-Viedma, E. (2020). Co-patents’ commercialization: evidence from China. Economic Research-Ekonomska Istraživanja, 1-18. [DOI: 10.1080/1331677X.2020.1845761]
Sponsorship
European Union (EU) TIN2016-75850-RAbstract
Co-patents are outcomes of R&D collaboration, which has been
proven with higher-quality. Does this mean that high-quality patents
should also extend their advantage to the technology market?
Based on the transaction cost theory, we use the China
National Intellectual Property Administration (CNIPA) database
and logit model to explore the effect of co-ownership on firms’
patent commercialization and the factors of co-patents that affect
their commercialization. Our findings illustrate that co-ownership
has a negative impact on patent commercialization. In addition,
the co-owner’s nature, country, and co-patent’s industry influence
the commercialization of co-patents. Firstly, a company and a university
or research institution’s co-owned co-patents are less likely
to be commercialization than a company and a company coowned
co-patents. Secondly, multi-countries co-owned co-patents
are less likely to be commercialization than a single-country coowned
co-patents. Thirdly, co-patents in high technology (hightech)
industries are less likely to be commercialization than copatents
in non-high-tech industries. This paper supports policymakers
in implementing policies to promote the co-patents’ commercialization.
Meanwhile, our paper suggests that to pursue the
economic value of the R&D collaborative intellectual property
fruits, R&D collaborative intellectual property fruits are not be
encouraged to be applied as the co-patents.